An Australian lithium hopeful authorised a $US1 million ($1.44 million) cash payment to a Congolese middleman last year as it frantically sought approval to mine in the country.
Perth-based AVZ surged to a near $4.6 billion valuation last year before being suspended from the ASX amid a battle for control of potentially the world’s richest lithium deposit in the Democratic Republic of Congo.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
